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Singapore's Temasek gets antitrust approval to invest in Indian cloud kitchen

( November 27, 2024, 06:45 GMT | Official Statement) -- MLex Summary: Singapore's sovereign wealth fund, Temasek Holdings, has received merger clearance from India's antitrust watchdog to invest in a local "cloud kitchen" platform specializing in takeout meals. Temasek notified the Competition Commission of India of its plans to acquire a shareholding in Rebel Foods, the parent company of popular Indian food delivery brands Faasos and Behrouz Biryani, through its investment arm Jongsong Investments. The CCI said a detailed order will follow. Statement from the Competition Commission of India follows:...

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